Priyanka is a resident of Jhansi who belongs to a family of four. She is a hardworking yet humble lady and has been working in the embroidery profession for 7 years now. Priyanka operates a small shop carrying embroidered handkerchiefs and kurtas, which she sells to local customers on a daily basis. Her customers are absolutely in love with the quality of her products and never go back to using ordinary ones after purchasing her handiwork.
Priyanka is a creative entrepreneur who works 6 hours a day for 7 days a week. With this loan Priyanka will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Priyanka has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
3.20%
5.76% APR
Platform
charges
4.80%
8.64% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Embroidery
Established in
1995
With Rang De from
2021
Founded by
Dr.Ashok Khosla
Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.
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